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Key Takeaways: Catastrophic (CAT) losses in 2024 are estimated at $113 billion, driving increased demand for flexible insurance solutions. California, coastal communities, and other regions at high risk for CAT events continue shifting to the Excess & Surplus (E&S) market, where customized solutions are more readily available. Roof depreciation schedules, exclusions, and buyback options are some of the creative…

Discover key insights into California\'s challenging Homeowners Insurance market. In this clip from the Burns & Wilcox Residential Property Webinar, Ian Hanson, Associate Vice President, Underwriting Director, Personal Insurance, Burns & Wilcox, San Francisco, CA, breaks down market shifts, wildfire impacts, and how brokers can navigate the growing need for E&S solutions. Watch now > https://vimeo.com/1069249409/5487ba7d09?ts=0&share=copy What more Residential Property…

The recent wildfires and extreme weather trends are reshaping the Residential Property risk landscape, making it challenging to secure coverage. Understanding today’s evolving market is key to providing the best solutions for your clients. Watch our expert-led webinar, E&S Solutions for Residential Property Risks, now available on demand. Gain valuable insights on: Strategies for securing coverage in high-risk areas How…

The Glass Fire, one of 23 major wildfires burning across California, has destroyed or damaged at least 17 wineries in Napa Valley. More than 215 other wineries are under mandatory evacuation orders. As of October 5, the wildfire had also destroyed 550 homes and more than 66,800 acres. The small vineyard at Behrens Family Winery in St. Helena suffered extensive…

Over the last year, the Homeowners & Dwellings insurance market has experienced an increase in claims, specifically for historic and catastrophic events. Consider: The national Oceanic Atmospheric Administration’s Climate Prediction Center indicated in early August that the Atlantic hurricane season is on pace to become one of the worst in recorded history. As of September 2, there was already an…

Special guest: Dave Torgerson, CEO, Wildfire Defense Systems Hosted by: Bill Gatewood, Corporate Senior Vice President, National Personal Insurance Practice Leader, Burns & Wilcox, and Ian Hanson, Associate Vice President, Underwriting Director, Burns & Wilcox During this webinar, we discussed: How Wildfire Defense Systems helps threatened homes survive a wildfire event Tips on how agents can improve communication to their clients in…

This year has brought unprecedented challenges as the world copes with the COVID-19 pandemic; however, 2020 has also been a record-breaking year for extreme weather events: devastating wildfires, an especially active hurricane season, blackout-inducing heatwaves, a historic spate of tornadoes, a “firenado” and a 500-year flood. The U.S. recently hit its 10th billion-dollar weather disaster of the year earlier than ever before and the hurricane season is on pace to…